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Please answer this question correctly, thanks I will leave a like! Wildhorse, Inc. uses a standard cost system in which direct materials are carried at
Please answer this question correctly, thanks I will leave a like!
Wildhorse, Inc. uses a standard cost system in which direct materials are carried at standard cost. Standards for one unit of product are: standard quantity of 9.0 gallons and standard price $1.80 per gallon. During March, Wildhorse purchased 151,100 gallons of direct materials at a cost of $301,100 and used 151,600 gallons in production of 19,100 units. Calculate the direct materiais price and quantity variances and indicate whether each variance is favorable or unfavorable. Direct materials price variance Direct materials quantity variance Step by Step Solution
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